CNBC Daily Open: Oversold in September, bounce in October?
Publishing timestamp: 2023-10-01 19:32:31
Summary
The article discusses the mixed performance of U.S. stocks, with the Nasdaq Composite being the only major index to increase. European stocks also had a mixed performance, with the Stoxx 600 adding 0.38% but ending the quarter 2.9% lower. Euro zone inflation fell to 4.3% in September, the lowest annual figure since October 2021. The article also mentions the personal consumption expenditure index, the U.S. Senate passing a spending bill to avoid a government shutdown, expanded auto strikes by the United Auto Workers union, and upcoming labor market data. The article concludes by mentioning the oversold condition of stocks and the historical trend of October being a winning month for stocks.
Sentiment: MIXED
Keywords: nasdaq composite, autos, business news, labor economy, politics, economic events, dow jones industrial average, inflation, s&p 500 index, personnel, world markets, markets,
Source: https://www.cnbc.com/2023/10/02/stock-markets-oversold-in-september-bounce-in-october-.html